Pay-For Obama's Jobs Program: Axelrod 101http://www.businessinsider.com/pay-for-obamas-jobs-program-axelrod-101-2011-9/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 03 Mar 2015 16:15:18 -0500John Ellishttp://www.businessinsider.com/c/4e6f637deab8eaf64a000043JIMTue, 13 Sep 2011 10:06:53 -0400http://www.businessinsider.com/c/4e6f637deab8eaf64a000043
Obama’s jobs program is primarily a bag of tricks. His advisors have their heads in the sand when it comes to import taxes. In fact, most liberal and conservative economists do, as well ( a residue of poorly understood Smoot-Hawley tariff).
America needs many more jobs for ordinary people and inexperienced youths. The country has made a serious mistake by making it too easy for large multinational corporations to outsource jobs. Those corporations have become less and less loyal to America’s best interest, whilst they also gain more and more control of the political agenda. Thanks to their lobbying efforts and political contributions, the government pays lots of attention to “property rights” (e.g. trademarks, copyrights, patents, contracts, trade support, etc.). The corporatist government also facilitates tax loopholes, which explains why corporations have paid a lower and lower share of the total tax burden.
Millions of manufacturing, call center, and data processing positions now exist overseas to serve the American market. If we started to tax goods and services coming into the country, that would certainly reverse some outsourcing. The additional tax revenue would also help to balance the budget. It would be simple way to create a sound incentive for Americans to buy more American made products and services. Jobs, jobs, and more jobs……http://www.businessinsider.com/c/4e6ee560ecad045608000001StefanTue, 13 Sep 2011 01:08:48 -0400http://www.businessinsider.com/c/4e6ee560ecad045608000001
USA, the strangest country on Earth. The country that won't save itself....http://www.businessinsider.com/c/4e6e99e069bedd3a4400004cVoir DireMon, 12 Sep 2011 19:46:40 -0400http://www.businessinsider.com/c/4e6e99e069bedd3a4400004c
Dude: BEST, most succinct comment I've seen here in a long time. You absolutely nailed it, you seasoned cynic you! Kudos!!!http://www.businessinsider.com/c/4e6e8a4d6bb3f72e55000042Big BearMon, 12 Sep 2011 18:40:13 -0400http://www.businessinsider.com/c/4e6e8a4d6bb3f72e55000042
The best thing Republicans can do is call Obama's bluff and pass the bill. Otherwise we'll hear excuse upon excuse from the Obama camp.http://www.businessinsider.com/c/4e6e831c69bedd8834000013drand02Mon, 12 Sep 2011 18:09:32 -0400http://www.businessinsider.com/c/4e6e831c69bedd8834000013
Henry Ford also came up with a payment program (yes 10% down, for skin in the game) but interest that did not knock you wallet out of your pocket. He start employee discounts for his works to buy cars cheaper than in the dealerships. This help install pride and loyalty back into workers for companies.
What is most unique is he did it from inside out, proved it worked, then others followed. Banks started lending to all for cars, household needs (refrigerator, stoves, bathrooms, etc,) as well as homes/land, after he proved it works and if you proved you can pay your bills.
Many companies followed this example, which led to many companies paying for college expenses, then you went to work for the company after you got out of school. No college loans to pay back. Private industry started these programs for their benefit, which spilled over to the neighborhood.
Soldiers went to school on the GI bills for serving their country. Probably the single most net gain project ever in creating educated trained employees for industries.
Where are these kind of incentives???? If the government wants to crank up employment, pay for the training and then have people work for the government for 4 or 6 years, while earning a decent wage. Set up health care centers, manufacturing plants, even defense companies, civil engineering projects, and of course good old road and airport construction, to be used as training and repayment areas of employment.
Much better and more economical than what the present day bozos are coming up with, and these are things that have already been tried and worked. History can/will teach us if we are willing to learn. Problem is know one seems to have any common sense.http://www.businessinsider.com/c/4e6e81b16bb3f7fd5000003eaxisofobamaMon, 12 Sep 2011 18:03:29 -0400http://www.businessinsider.com/c/4e6e81b16bb3f7fd5000003e
These creeps are central planners on steroids. Axelrod is an East German Apparatchik incarnate.http://www.businessinsider.com/c/4e6e7c2ceab8ea1c3100003dScott Pecos, TexasMon, 12 Sep 2011 17:39:56 -0400http://www.businessinsider.com/c/4e6e7c2ceab8ea1c3100003d
Any fool knows that if people are working they pay taxes, People who are not working pay no taxes, Wake up Republican When you work you spend, When you spend you create a job somewhere down the line, But keep them out of work you pay, Welfare, Food Stamps, Unemployment benefits and the list goes on, Obama plan is weak it should be added to to make even more jobs, Washington needs to stand up and tell the public within the next 12 month the unemployment rate will be less then 5% We will do everything we can to make it happen Until America is back to work we can't solve our long term problems we face.http://www.businessinsider.com/c/4e6e719deab8ea4733000009gmjMon, 12 Sep 2011 16:54:53 -0400http://www.businessinsider.com/c/4e6e719deab8ea4733000009
Everyone in the US is stealing. It's a race to see who will ruin the country first. But the gravy train is over, and we WILL change. Belt-tightening will come across class, race, and party lines. Obama can explain this to the American people; he has the podium.
The ultra-rich have gotten everything their way for a long time. It's time they decide whether they have any loyalty at all to this nation. No human being deserves the wealth that many of them have, which is orders of magnitude beyond what anyone could possibly spend. They are being asked to share a tiny fraction of it. I don't understand the problem. The wealthy are supposedly job creators, but in fact most of their investments are overseas. I think the wealthy look at US society with contempt; they see it as degenerate and not worthy of their investment. There may be some merit to that. But they are still American citizens, and they have a responsibility to support this nation. The few dollars they are being asked for mean nothing to them. Their lifestyle will not be affected at all. The US has a lot of problems, but show me a nation that is better.http://www.businessinsider.com/c/4e6e6ab3eab8ea891600002bEmMon, 12 Sep 2011 16:25:23 -0400http://www.businessinsider.com/c/4e6e6ab3eab8ea891600002b
I doubt most reading the payment plan for Obama's job bill thought it wasn't a political ploy. After all the hype of the joint session, etc. please! Obama has no class tho and, as usual, caters to the lowest emotional state of many americans.
The reason they don't have a job is because of private jet depreciation rates.
The reason they can't excelerate their income is because those earning 200K are taking your raise.
Trust me, the government will not be issuing checks to those earning less than $200K from the proceeds.
At this point, without any serious reduction in government (state or federal) spending, the costs will be passed on to everyone. Many will get it back if they are tax savy, but we will all pay.
But hedge funds guys should not be exempt from regular "income tax" rates because of their unique job description.http://www.businessinsider.com/c/4e6e68e4eab8ea9f16000039Hank ReardonMon, 12 Sep 2011 16:17:40 -0400http://www.businessinsider.com/c/4e6e68e4eab8ea9f16000039
Class warfare is all they've got...http://www.businessinsider.com/c/4e6e661269bedd2e7600001fjamesusnvetMon, 12 Sep 2011 16:05:38 -0400http://www.businessinsider.com/c/4e6e661269bedd2e7600001f
NO job program is going to work the way it needs to. There is only one way we are going to stimulate anywhere close to the number of jobs that we need, and that is to reverse the trend of the top earners keeping more and more of the corporate profits. Henry Ford had the right idea when he started paying his factory workers 3 times the average wage at the time, he was able to stimulate demand for his products by allowing his employees to afford them, had he continued the trend at the time (and one we are seeing re-emerge) of paying his workers the bare minimum he could there would have not been the trend of rising wages that allowed most Americans to buy his and other products. The result would have been only the top earners being able to afford cars thus shrinking the demand for his product to almost nothing, growth would have stagnated and as a result neither he nor America would have become as successful as they did.
After the great depression until the mid 70's average executive to general employee compensation ratio was about 30 to 1. When the company did well so did the rank and file employees and as a result they were able to consume more, which in fact increased the bottom line of the company and stimulated the need for more jobs. As a result of this we entered the most prosperous time in American history to date. Today that ratio is about 300 to 1, companies will cut employees and benefits and either sit on their cash reserves or give raises and bonuses to the executives only. As a result of this consumers load up on debt to try to maintain their standard of living or they cut back on spending (most of them do both). This is how we got into the situation we are in today. Median wages have stagnated or fallen while the prices of just about everything from oil to houses has risen (even after the crash the housing prices are still out of reach of many Americans). 70% of our economy is consumer based and as a result of these developments 70% of the economy has suffered greatly.
Only a small part of consumer spending that can be picked up by the top earners. Moreover most top earners don't spend in the same way the middle class does, they invest which does not stimulate nearly the amount of economic activity that consumption does. However given the pay raise the middle class would likely buy houses, cars, goods and services, and pay for school for their children (instead of having to fuel the next debt bubble which is student loans for students who can't find jobs). This would also increase the tax base of the middle class earners, as is most Americans are stretched to the max you can't get extra tax money from those already resorting to eating ramen noodles most nights.
We have seen what this country has been before because of vast income inequality, it was a robber baron state that was only prosperous for the rich. We have seen what happened when that dynamic was reversed, we had the greatest era of growth in our history. It created new jobs because more people had money to spend but not so much that they had all they really wanted. And now we are seeing what is happening when the trend is reversed again. One person making a billion dollars will not stimulate the same growth as 10,000 people making a hundred thousand dollars will. If we brought ourselves closer to the 30 to 1 compensation ratio it would go a LONG way to fixing our economy. And this applies not just to the US but to all countries, you will find countries that have a ration closer to 30 to 1 are far healthier, and we have a long history we can look back on in this and other countries to prove it.